Welcome to my BlogSpot, your one-stop destination for high-quality articles on a wide range of topics!

Showing posts with label Business Law. Show all posts
Showing posts with label Business Law. Show all posts

 What is the contempt of court or write a note on the contempt of court

January 25, 2015 0

CONTEMPT OF COURT

In recent years, there have been numerous cases of contempt of court committed by newspapers resulting in considerable hardships to journalists, who have been fined or imprisoned. The working journalists must, therefore, have a comprehensive knowledge of the operation of the law relating to contempt of court.

The principles underlying the law of contempt vis-a-vis the press are as follows :

(1) It is a contempt of court to scandalize the court or offend against the dignity of a judge by attributing to him dishonesty or impropriety or incompetence, regardless of the fact whether the case with regard to which the offending remarks were made is pending or has been decided.

(2) It is a contempt of court to publish an article in a newspaper commenting on the proceedings of a pending criminal case or a civil suit reflecting on the judge, jury, the parties, their witnesses or counsel appearing in the case. It is immaterial whether the remarks are made with reference to a trial actually proceeding or with reference to a trial which is yet to proceed, provided that the comment has a tendency to prejudice the fair trial or influence the decision.

(3) It is a contempt of court to publish any matter affecting the proceedings of a pending case which has a tendency to prejudice the public for or against a party before the cause is finally heard. It is not necessary to prove that a judge or jury will be prejudiced.

(4) General criticism of the conduct of a judge, not calculated to obstruct or interfere with the administration of justice, or the due administration of law in any particular case, even though libelous, does not constitute a contempt of court.

Other Forms of Contempt :

The circumstances in which contempt of court can be committed are numerous.The following list shows the various ways in which the journalist may unwittingly get involved in court proceedings :

(1) Comments on the conduct and behaviour of petitioner in lunacy proceedings.

(2) Comments on the conduct of a debtor in bankruptcy proceedings.

(3) Comment on prisoners.

(4) Imputation of fraud or dishonesty.

(5) Charge of undue influence.

(6) Making libelous statement on parties or witnesses.

(7) Comment against conduct of defendant.

(8) Abusing persons making affidavits.

(9) Making allegations of prejury.

(10) Making suggestions that plaintiff's case is untenable.

(11) Reflection on goods supplied by the plaintiff.

(12) Disputing validity of patent in a newspaper during pend-ency of suit.

(13) Advertisement offering reward 'for securing evidence in a pending matrimonial suit.

(14) Advertisement as to proof of adultery of wife.

(15) Publication before hearing of documents connected a with the cause, e.g, counsel’s brief, plaintiff‘s statement of claim containing allegation against defendant, affidavit or write charging fraud, interim report of receiver, list of  creditors in bankruptcy proceedings.

(16) Publication of inaccurate proceedings.

(17) Theatrical impersonation of prisoner.

(18) Publication of comments on proceedings held in camera.

(19) Publication of article after conviction but before judgment.

(20) Interesting paragraph anticipating result of the pending case.

(21) Making reference to a case only for political purpose without mentioning the names of the parties in the action.

(22) Publishing photograph of an accused where question of. his identification is involved.

(23) Publishing before hand what purports to be the defence to be put forward by an accused.

(24) Displaying misleading headlines.

(25) Conducting an independent investigation into a crime for which a person has been arrested and publishing the result of that investigation.

Disadvantages of Partnership

August 04, 2012 0
Here we discuss about some main and important demerits or disadvantages of partnership. Following are the main disadvantages of partnership :

1. Delay in Decisions :-
In the partnership all the decision are made by mutual consultation. Sometimes delay in decisions becomes the cause of loss.

2. Misunderstanding :-
Generally there is a chance of misunderstanding and dispute among the partners. It becomes the cause of business failure.

3. Unlimited Liability :-
Partners feels risk in the partnership due to limited liability. Because sometime a personal property of the partner can be sold for the clearance of the debts.

4. Limited Life of the Business :-
The life of the business is very limited. If any partner dies or new enters into the business. The old partnership may come to an end . In case of internal differences also it can be dissolved.

5. Legal Defect :-
There are no effective rules and regulations to control the partnership activities. So it can not handle the large scale production.

6. Carelessness :-
In this business the responsibility of the partners is common. So sometime one partner becomes careless about his responsibility and creates problem for the firm.

7. Transfer of Rights :-
No one of the partner can transfer his shares to others without the consent of all the partners. It is a disadvantage in the business.

8. Incapable Servants :-
Generally incapable relatives and friends of the partners are employed. So the efficiency of the firm is affected badly.

9. Lack of Capital :-
No doubt partnership capital is greater than the sole proprietorship. But as compared to the joint stock company it is small. So a business can not be expanded on large scale.

10. Difficulty in Withdrawal :-
It is very difficult for the partners to withdraw the capital from the business. Generally capital is frozen.

Advantages of Partnership

August 04, 2012 0
There are many merits or advantages of partnership. We can throw light on main and important merits or advantages of partnership. Partnership is preferred to others forms of business due to following reasons :

1. Easy Formation :-
It can be easily organized without any legal formalities. Two or more persons may start the business at any time, its registration is also very easy.

2. Joint Efforts :-
All the partners work jointly to improve the business. The firm distributes the work among the partners according to their ability and experience. It increases the efficiency of the firm.

3. Larger Capital :-
Partnership can collect more capital in the business by the joint efforts of the partners. In the sole proprietorship the sources and capital remains limited.

4. Easy Borrowing :-
The liability of the partners is unlimited this business. So the bank and other financial institutions provide the credit easily.

5. Tax Facility :-
In this business every partner pays tax individually. So the firm is in a better position as compared to the joint stock company.

6. Public Confidence :-
Public shows more confidence on partnership as compared to the sole proprietorship. If the firm is registered people feel no risk in creating relation with such business.

7. Minority Protection :-
In this business all the policy matters are decided with the consent of each partner. So there is a protection of the minority partners.

8. Flexibility :-
It is a flexible organization and partners can change their business policy with the mutual consultation at any time.

9. Expansion of Business :-
The business volume can be expanded easily because there are large number of partners and unlimited liability of each partner.

10. Secrecy :-
In this business there is no need to publish its accounts. So the business secrecy remains confined within partners.

11. Skilled Worker :-
In this business a firm can hire the services of qualified and competent persons due to strong financial position. It increases the profit of the firm.

12. Sense of Responsibility :-
In this business the liability of the partner is unlimited. So every partner performs his duties honestly and Efficiently.

13. Distribution of Loss :-
If a firm suffers a loss it is distributed money all the partners. So no any single person bear all the loss.

14. No Risk of Fraud :-
In this business each partner can look after the business activities and can also check the accounts. So there is no risk of fraud.

15. Simple Dissolution :-
Partners may dissolve their business any time. There is no need of legal formalities.

What is Partnership Deed or Partnership Agreement and discuss Main Provisions of partnership Deed or Partnership Agreement

August 04, 2012 1


Partnership Agreement or Partnership Deed :-
In the Partnership agreement terms and conditions relating to partnership and the regulations governing to its internal management are included. This agreement may be written or oral. But it is necessary that it should be in writing.

In other words it is a document in which the relations of partners one another are clearly written.
Following are the important provisions of partnership deed.

1. Date :-
Date of starting the business should be written on it.

2. Name :-
Name of the firm under which the business is going started.

3. Location :-
Location of the business should be also written that where it is going to start. Allotment of the place for head office and branches should be mentioned it.

4. Duration :-
Duration of partnership is for indefinite period or for definite period. It should be also written.

5. Nature of the Business :-
Nature of the business should be clear in it.

6. Capital :-
Total amount of capital and share of each partner in capital is also an important point of deed.

7. Salary :-
The amounts of any salary payable to partners, should be mentioned in it.

8. Ratio of Profit :-
Each partner rate ratio of profit and loss sharing should be clear in the partnership agreement.

9. Rights and Duties :-
There is also a provision of rights and duties of each partner.

10. Entry and Exit Method :-
Procedure to be followed for withdrawal and methods of admitting of new partners.

11. Dissolution Case :-
In case of dissolution of the firm a special provision to be followed.

12. Audit of Accounts :-
Audit and account preparation provisions are also available in it.

13. Settlement in case of Dissolution :-
At the dissolution of a firm there is a provision of settlement of accounts.

14. Arbitration :-
In case of disputes provision for arbitration is also available.

15. Witness :-
The witness of agreement provision is also found in it. By the mutual consent of the partners any other clause may be included in it at any time.

Different types or kinds of partners

August 04, 2012 2

Following are the important kinds or types of partners :

1. Active Partner :-
A person who provides his share in capital and also takes active part in the management. The development of business depends upon the active partners.

2. Sleeping or Dormant Partners :-
These partners only provide capital and also share the profit and loss of the business. A sleeping partner does not take part in the management of a firm. These are not know to public as a partner.

3. Silent Partner :-
A silent partner is known to the public as a partner. He does not participate in the affairs of the management. But be is liable to pay debts of the firm.

4. Secret Partner :-
He takes active part in the business but public does not know him as a partner of the firm. He is liable to pay all the debts of the firm.

5. Nominal Partner :-
These partners do not share the profit and loss the firm. These do not participate in the management of a firm. A firm only uses the name and goods reputation of the partners. So these are called nominal partners.

6. Minor Partner :-
A minor may become partner with the consent all the partners. A minor is only admitted in the profits of the business only. He has no liability of loss.

 7. Senior Partner :-
A person who is playing important role in the management according to his ability, experience and capital, is called senior partner.

 8. Junior Partner :-
A person who has small investment in the firm and has a limited experience of business is called junior partner.

9. Limited Partner :-
A partner whose loss responsibility is restricted to his share only is called limited partner. He cannot take post in the management of a firm.

10. Unlimited Partner :-
When the liability of the partner is unlimited he is called unlimited partner. The debts of firm can be paid even by the personal property of the partner.